The Pensions Regulator to prosecute ex-BHS owner Dominic Chappell

The former British Home Stores owner, Dominic Chappell, is to be prosecuted by the Pensions Regulator accused of failing to comply with the investigation into the firm's sale.

Dominic Chappell's company bought BHS from the colorful millionaire Sir Philip Green, pictured, in March 2015.

At the time, friends of Mr Chappell said that the former racing driver could not provide the information required because his financial documents and computers were seized in a raid by HM Revenue and Customs previous year.

RAL was put into liquidiation in May 2017.

In February, Sir Philip Green agreed in a settlement with the Pensions Regulator to hand over £363m in cash to the BHS pension scheme.

"I'm sure when he heard Mr Chappell was going into the court, the last thing he wants is for someone to sing like a canary".

Meanwhile, the Insolvency Service, the government department that investigates bankrupt companies, is also investigating Mr Chappell.

Mr Chappell has previously claimed that he is "working hard to recover and preserve almost £50m for creditors and pensioners", but this sum appears to entirely rely on gaining money back from Mr Green. "Our investigation into BHS is ongoing and we will continue to work closely with other interested regulators".

Dominic Chappell - who was director and majority shareholder of Retail Acquisitions Limited (RAL), which bought BHS in 2015 - has been summoned to appear in court on 20 September in Brighton.

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